Question

How do u do this ??? Alistair buys an antique chair for £600. It is expected to increase in value at the rate of 4.5% each year. How much is it expected to be worth in 3 years ??

Answer 1

`100\%+4.5\%=104.5\%=1.045\\\\\£600\cdot1.045^3\approx\£684.70\leftarrow answer`